Sportsman’s Warehouse (NASDAQ:SPWH) Raised to “Buy” at Craig Hallum

Sportsman’s Warehouse (NASDAQ:SPWH) was upgraded by research analysts at Craig Hallum from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday,Briefing.com Automated Import reports. The firm presently has a $3.00 price target on the stock. Craig Hallum’s target price would indicate a potential upside of 210.88% from the company’s current price.

Separately, B. Riley raised Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and upped their price target for the stock from $2.00 to $4.00 in a report on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $3.20.

Sportsman’s Warehouse Price Performance

NASDAQ:SPWH opened at $0.97 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.20 and a quick ratio of 0.06. The company has a 50 day moving average price of $1.53 and a 200-day moving average price of $2.17. Sportsman’s Warehouse has a 1-year low of $0.92 and a 1-year high of $4.44. The firm has a market cap of $36.63 million, a price-to-earnings ratio of -1.10 and a beta of 0.53.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings data on Tuesday, April 1st. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.12. The company had revenue of $340.40 million during the quarter, compared to analysts’ expectations of $328.67 million. Sportsman’s Warehouse had a negative net margin of 2.69% and a negative return on equity of 11.72%. Equities research analysts forecast that Sportsman’s Warehouse will post -0.65 EPS for the current year.

Institutional Investors Weigh In On Sportsman’s Warehouse

Several institutional investors have recently bought and sold shares of SPWH. FMR LLC boosted its stake in shares of Sportsman’s Warehouse by 3.3% in the third quarter. FMR LLC now owns 5,441,705 shares of the company’s stock worth $14,747,000 after acquiring an additional 174,858 shares during the last quarter. Portolan Capital Management LLC purchased a new position in Sportsman’s Warehouse in the 3rd quarter valued at $2,565,000. Jane Street Group LLC boosted its stake in Sportsman’s Warehouse by 16.6% during the 3rd quarter. Jane Street Group LLC now owns 225,473 shares of the company’s stock worth $611,000 after purchasing an additional 32,073 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Sportsman’s Warehouse during the third quarter worth $107,000. Finally, Barclays PLC raised its position in shares of Sportsman’s Warehouse by 25,025.0% in the third quarter. Barclays PLC now owns 38,190 shares of the company’s stock valued at $103,000 after buying an additional 38,038 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Sportsman’s Warehouse Company Profile

Sportsman’s Warehouse Holdings, Inc engages in the retail of sporting and athletic goods. Its products include hunting and shooting, archery, fishing, camping, boating accessories, optics and electronics, knives and tools, and footwear. The company was founded in 1986 and is headquartered in West Jordan, UT.